Madame Speaker, (note the shift change)
I wish to point out for the House how the referenced material hinges upon several weak supports which utilize force, contrary to what the member opposite believes.
However, before those issues arise, it behooves me to point out the foundation of this element of laissez-faire capitalism rests upon the same erroneous arguments utilized by the financial sector in the lead-up to the GFC of 2008-9; that being the principle of rational self-interest. First, there is no "rational" agent model which represents homo economicus. Second, the concept of "self-interest" is perhaps more accurately described by the term, greed. As I am sure the House comprehends, the very nature of greed--by definition--precludes any hint of altruistic rationality.
In light of the preceding, I would like to ask the House how it could be possible such a system, as that proposed by the member opposite, would be practically functional if it is neither "rational" nor "interested" beyond its "self".
In closing, this idea as suggested has no merit, and only fosters greater inefficiency through the multiplicative redundancy of "private systems" of law. It is a terrible idea which seeks to create a lampoon of justice, rather than a solid foundation for protecting rights. I will not be supporting this bill and I would ask the other House members to follow suit and vote against the motion.